Pradhan Mantri Jeevan Jyoti Bima Yojana | pradhan mantri jeevan jyoti bima yojana benefits
👉Pradhan mantri jeevan jyoti bima
yojana benefits:
PMJJBY offers a renewable one-year life
cover of ₹ 2.00 Lakh to all subscriber bank account holders in the age group of
18-50 years covering death due to any cause at a premium of ₹ 330/- per annum
per subscriber which will be automatically deducted from the subscriber's bank
account.
👉PMJJBY Registration
period:
The insurance cover is for a period of
one year from 1st June to 31st May, with the option to connect / pay by direct
debit from a designated individual bank / post office account on the prescribed
forms being required to be provided by 31st May each year. Delayed enrollment
in potential coverage is possible by paying a prorated premium as described
below;
👉For registration in June, July and
August – full annual premium of Rs.436 is payable.
b) For enrollment in September, October
and November – Pro rata premium of Rs. 342 is paid
👉 For enrollment in December, January
and February – Pro-rated premium of Rs. 228 is paid.
👉For enrollment in March, April and May – pro installment premium of Rs. 114 is paid. A pledge period of 30 days applies from the date of registration.
👉Eligibility:
👉The age of the applicant must be
between 18 and 50 years.
👉Applicant must own a bank account / post
office account.
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👉Insurance
premium:
Rs.436/- per annum per member. The
premium will be deducted from the account holder's bank/postal account through
"Automatic Debit" in one installment, as applicable, at the time of
program registration. Delayed enrollment in potential insurance after May 31st
will be possible with payment of a prorated premium as stated in paragraph 3
above. The premium would be reviewed based on annual claims experience.
👉Offline
application process
👉 Download and print the “DECLARATION OF
CONSENT FORMAT” given in the link below: https://www.jansuraksha.gov.in/Files/PMJJBY/English/ApplicationForm.pdf#zoom=250
👉 Duly fill and sign the application
form, attach the attested copies of the required documents and submit the case
to the authorized officer of the bank / post office. The clerk will return the
"INSURANCE NOTES" to you.
👉Required
documents:
Identity Proof (KYC): Either from AADHAAR
Card or Electoral Photo Identity Card (EPIC) or MGNREGA Card or Driving License
or PAN Card or Passport.
Pradhan Mantri Jeevan Jyoti Bima Yojana | pradhan mantri jeevan jyoti bima yojana benefits
👉Frequently
asked questions:
•How do I pay the premium for PMJJBY❓
The premium will be deducted from the
account holder's bank/postal account through "Automatic Debit" in one
installment, as applicable, at the time of program registration.
•Who will offer/administer the scheme❓
The scheme would be offered/administered
through LIC and other life insurance companies willing to offer the product
with necessary approvals on similar terms, in collaboration with participating
banks. Participating banks will have the option to involve any such life
insurance company in implementing the scheme for their subscribers
•What is the minimum eligibility to
subscribe to PMJJBY❓
All savings account holders between the
ages of 18 and 50 at participating banks will be eligible to enter. In the case
of multiple savings bank accounts maintained by an individual in one or
different banks, that person would only be able to join the program through one
savings account.
•Does PMJJBY cover death due to
natural disasters like earthquakes, floods and other convulsions of nature?
What about suicide/homicide coverage❓
Yes, all these events are covered as
PMJJBY covers death from any cause
•Can eligible individuals who do not
join the program in the first year join in subsequent years❓
Yes, after paying the premium via
automatic debit and presenting your own certificate of good health.
Accordingly, new eligible participants may also join in future years
•How do I access the PMJJBY application
form❓
Application forms can be accessed from
the link -https://www.jansuraksha.gov.in/Files/PMJJBY/English/ClaimForm.pdf
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